Future Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
CRUDE OIL Aug 2020 (NYMEX:CL.Q20)
Strong Uptrend (+100) - CL.Q20 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CL.Q20 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid CL.Q20?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.Q20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.Q20
The long-term trend has been UP since Jul 21st, 2020 at 41.24
The intermediate-term trend has been UP since May 17th, 2020 at 30.39
The short-term trend has been UP since Jul 21st, 2020 at 40.90
Smart Scan Analysis for CL.Q20
Based on our trend formula, CL.Q20 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Open Time||18:00||Close Time||17:00|